AGP Executive Report
Last update: 8 minutes agoOil & Gas Economics: ExxonMobil says its Guyana venture has already recouped about US$55B invested since 2014, about two years faster than expected, as the Stabroek Block’s profit-sharing deal keeps Guyana’s output surging and Exxon’s free cash flow set to double by 2030; the company also reports record upstream performance and a new fifth FPSO moving toward 4Q26 startup. Corporate Earnings: Exxon posted Q2 net profit up 105% to US$14.53B (revenue US$116.02B) but missed Wall Street estimates, while Chevron also logged a standout quarter amid Iran-war supply disruptions. Maritime Safety & Justice: Guyana’s five-member international MV Barima Commission of Inquiry was sworn in, with President Ali pledging full support; meanwhile, defence lawyers argue murder charges against three crew members are premature under maritime law unless the capsizing is first properly investigated. Labour & Construction Safety: The Labour Ministry continues its “Putting Safety First in the Construction Sector” campaign with a Region Four seminar, pushing a stronger safety culture before inspections ramp up. Mining Deal: G Mining Ventures and G2 Goldfields completed a US$2.2B consolidation, combining Guyana gold assets into a larger district-scale project. UN Watch: In the first secret Security Council straw poll for the next UN secretary-general, UNCTAD chief Rebeca Grynspan led, with Guyana’s Carolyn Rodrigues-Birkett close behind.
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